Tippah County, Mississippi Housing Market Prices
Tippah County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 162% above the Mississippi median More expensive than 91% of counties in Mississippi$340,816
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Median rent 17% below the Mississippi median$789
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Tippah County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $340,816 | $130,069 | $248,835 |
| Price Trend (Annual %) | 36.8% | 5.6% | 7.5% |
| Median Gross Rent | $789 | $954 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tippah County is about 162% higher than in Mississippi. Rent is about 17% lower than the Mississippi average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Tippah County, up about 36.8% and 5.1% a year respectively. Home prices are changing faster.
Median rent in Tippah County rose about 43.1% between 2015 and 2024, from $552 to $789. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 6.3 yearly household incomes in Tippah County.
Buying the median-priced home in Tippah County costs roughly 36.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Tippah County. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Tippah County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $340,816 | $130,069 | $248,835 |
| Median Household Income | $53,704 | $56,669 | $80,455 |
| Price-to-Income Ratio | 6.3 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Tippah County rose about 755.0%, while median household income rose about 59.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Tippah County | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.2% | 59.8% | 58.5% |
| Rental Rate | 20.3% | 25.6% | 31.2% |
| Vacancy Rate | 19.5% | 14.6% | 10.2% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Tippah County has a homeownership rate of 60.2%, about the same as the Mississippi average of 59.8%. Its housing vacancy rate is 19.5%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Tippah County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1984 | 1986 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Tippah County was built around 1984. On average, 2.6 people live in a home with about 5.7 rooms, staying for about 19.0 years on average.
Tippah County, MS Housing Compared With Nearby Counties
How Tippah County, MS compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Tippah County, MS | 21,523 | $340,816 #1/2 | $789 #2/2 | 74.8% #1/2 |
| Hardeman County, TN | 25,433 | $166,145 | $812 | 71.7% |
Frequently Asked Questions
Common questions about the housing market in Tippah County, Mississippi.
What is the median home price in Tippah County, Mississippi?
The median home price in Tippah County, Mississippi is $340,816, higher than the Mississippi average of $130,069.
What is the average home price in Tippah County, Mississippi?
The typical home price in Tippah County, Mississippi, reported as the median sale price, is $340,816. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Tippah County, Mississippi?
The median gross rent in Tippah County, Mississippi is $789 per month, lower than the Mississippi average of $954.
What was the median gross rent in Tippah County in 2020?
In 2020, the median gross rent in Tippah County, Mississippi was $557 per month.
What is the price-to-rent ratio in Tippah County, Mississippi?
The price-to-rent ratio in Tippah County, Mississippi is about 36.0, meaning it would take roughly 36.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Tippah County.
Are home prices or rent rising faster in Tippah County, Mississippi?
Both home prices and rent are rising in Tippah County, up about 36.8% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tippah County, Mississippi?
60.2% of households in Tippah County, Mississippi own their home, higher than the Mississippi average of 59.8%.
What is the vacancy rate in Tippah County, Mississippi?
The housing vacancy rate in Tippah County, Mississippi is 19.5%, higher than the Mississippi average of 14.6%.
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